Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Functional printing can be define as specialized category of printing where the image or material is applied to a product for functional purpose. It can be primary function of the product or a secondary function that helps the product to do its job. Besides, the growing consumer demand for electronics, growing production of functional printing and its demand in various inkjet printing, screen printing, gravure printing, flexography), application (rfid, lighting, sensors, batteries, photovoltaics, displays is further propelling the market growth to huge extend. In addition, demand for 3D printer is expected to propel the demand for market during the estimated time period. The market in Asia Pacific is likely to have emerging demand for functional printing market in upcoming years.
The Asia Pacific functional printing market is driven by different factor like changing landscape and demand for various technology based products like mobile phones, sensor, display, LED, lighting, battery, RFID Tags has fuelled the emerging demand for functional printing market. Likewise, the popularity of printed electronics across the Asia Pacific region is creating emerging demand for market. Also, cost effectiveness and low energy consumption of functional printing has created driving demand for functional printing market. Alternatively low cost manufacturing process and high volume resulting is the key factor propelling the growth of Asia Pacific region for functional printing market.
The exclusive COVID 19 impact analysis report by Axiom MRC provides a 360 degree analysis of micro and macro-economic factors on the Asia Pacific functional printing market. In addition, complete analysis of changes on Asia Pacific functional printing market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market.
The functional printing market comprises of different market segment like technology, application, material and country.
The functional printing is available in market according different technology including inkjet printing, screen printing, gravure printing, flexography and others. Inkjet printing is expected to lead in the global functional printing market. The inkjet printing technology ideally works by generating small ink droplets and propelling the droplets onto the substrate. The digital printing technology often consist of three main features like ink, printhead, and substrate. The inkjet printing as an additive manufacturing technology where the material often have dielectric, conductive, adhesive, mechanical ,optical or chemical properties and are printed with liter sized droplets from the digital file. Likewise, screen printing is expected have rising demand in market owing to its high versatility, application, flexibility and uses for different application is accelerating the growth of market.
The functional printing market finds its major application in rfid, lighting, sensors, batteries, photovoltaics, displays and others. Sensors is dominating application in Asia Pacific functional printing market as the sensor are mostly used to monitor different condition in application. This is further leading the demand for sensor in Asia Pacific functional printing market. Also, display is anticipated to have rising demand in functional printing market for different OLED displays, E-paper, EL displays, LCD application which is further enhancing the growth of display in Asia Pacific functional printing market.
The functional printing market has major use of material like inks, and substrates. Inks is further sub segmented into semiconducting inks, conductive inks, dielectric inks. Substrates is leading segment in the Asia Pacific region for functional printing market. The different substrate like glass, plastic, paper, silicon carbide, gallium nitride (gan) are widely used for functional printing in Asia Pacific. Additionally, these substrates are mostly cost effective which further new growth avenue for market. Similarly, Inks is expected to have rising demand as these are widely used for application like 2D material and others. These features of ink is expected to contribute healthy growth in the market during the estimated time period.
Asia Pacific functional printing market is studied for the following countries like China, India, Japan and Rest of APAC among others. China is expected to lead in the functional printing market as the country is the largest producer of different products like printed electronics, smartphone, display and other electronics products which has led the driving demand for the market. Besides, functional printing are widely used due to its cost effectiveness and is majorly preferred for various applications. Likewise, India is anticipated to hold second position due growing requirement for 3D printers, increasing adoption of technology is fuelling the demand for functional printing market in Asia Pacific. Similarly, Japan technological advancement for producing different display, LED and other products is contributing in the market growth.
The key players in functional printing market are Avery Dennison Corporation , BASF SE , Blue Spark Technologies , E Ink Holdings Inc. , Eastman Kodak Company, Enfucell Oy, The Nissha Co., Ltd , Mark Andy Inc., ALTANA AG , AGFA , Trident industrial inkjet , Ceradrop , Hp development company , Novaled AG, Optomec Inc., Universal display corporation, Toyo Ink Sc Holding Co. Ltd , Novacentrix , Xennia Technology Limited and Xaar PLC among others.
May 2021: Toyo Ink Europe N.V., a member of Japan’s Toyo Ink Group, launched the FLASH DRY (FD) LED S5 series, which is a new line of low energy-curable LE-UV and LED-UV inks for the offset printing market. These inks are highly reactive and require minimal levels of energy to cure, while offering higher gloss levels and a wider water window. This new series inks are also designed to meet the sustainability needs of today’s commercial printers.
May 2019: Avery Dennison had announced that it optimized new materials for digital printing, with digital continuing to grow, the supplier has developed products for EP and inkjet applications.
May 2019: HP Inc. unveiled a series of innovations and partnerships helping its customers accelerate their digital manufacturing journey. HP expanded its industry-leading 3D printing portfolio with the new Jet Fusion 5200 Series 3D printing solution, an industrial 3D printing system bringing new levels of manufacturing predictability, efficiency, repeatability, and quality to customers scaling to full production.
The report analyses the Asia Pacific functional printing market based on by technology, application, material and country. The functional printing is available in market according different technology including inkjet printing, screen printing, gravure printing, flexography and others. Inkjet printing is expected to lead in the global functional printing market. The functional printing market finds its major application in rfid, lighting, sensors, batteries, photovoltaics, displays and others. Sensors is dominating application in Asia Pacific functional printing market as the sensor are mostly used to monitor different condition in application. The functional printing market has major use of material like inks, and substrates. Inks is further sub segmented into semiconducting inks, conductive inks, dielectric inks. Substrates is leading segment in the Asia Pacific region for functional printing market. Asia Pacific functional printing market is studied for the following countries like China, India, Japan and Rest of APAC among others.
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